# WEBSTER UNITED
MINDEN, LA · NCUA charter 11928 · asset band <$50M · latest filing 2020-03 · stopped filing after 2020-03 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/webster-united-11928

Who the members are: federal charter, multiple common bond, organized 1957, low-income designated. 1,233 members of 2,000 potential (61.6% of the field); checking penetration 0% (share draft accounts per 100 members); loans per 100 members 31.

**Verdict on the desk:** this could be *stressed*. Composite score 11 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $3.4M |
| Members | 1,233 (-5.4% YoY) |
| Full-time staff | 0 |
| Net worth | $285,821 |
| Net worth ratio | 8.3% (p10 of band) |
| ROA (annualized) | -5.36% (p1 of band) |
| Total delinquency | 6.88% (p95 of band) |
| Net charge-offs (annualized) | 6.95% (p99 of band) |
| Loans / shares | 53% (p41 of band) |
| Cash / assets | 23.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.28% (p82 of band) |
| Operating expense / assets | 8.04% (p97 of band) |
| Vehicles % of loans | 62% (p59 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p45 of band) |
| Vehicle delinquency | 8.64% (p97 of band) |
| Vehicle NCO | 0.00% (p33 of band) |
| Repossessed % of vehicle book | 0.00% (p44 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 25% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 100% |
| Certificates % of member funds | 0% |
| Average share balance | $2,366 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 31% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $4,401 |
| Loans granted, annualized | $229,496 |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **charge-offs p90** (`aq_nco_high`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)
- **loan book shrinking** (`shrink_loans`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | charge-offs p90 |  |
| 2016-06 | 3 | losing money, delinquency 2x band |  |
| 2016-09 | 4 | net worth falling |  |
| 2016-12 | 3 |  | net worth falling |
| 2017-03 | 3 | delinquency rising | charge-offs p90 |
| 2017-06 | 6 | margin squeeze, repo signal, auto monoline |  |
| 2017-09 | 5 |  | losing money |
| 2017-12 | 3 | charge-offs p90 | delinquency rising, margin squeeze, repo signal |
| 2018-03 | 3 | net worth falling | delinquency 2x band |
| 2018-06 | 5 | losing money, margin squeeze |  |
| 2018-09 | 7 | delinquency 2x band, loan book shrinking |  |
| 2018-12 | 7 | expense trap | auto monoline |
| 2019-03 | 2 | delinquency rising | charge-offs p90, net worth falling, losing money, margin squeeze, delinquency 2x band, expense trap |
| 2019-06 | 3 | delinquency 2x band |  |
| 2019-09 | 6 | net worth falling, charge-offs p90, auto monoline |  |
| 2019-12 | 8 | thin capital, losing money, assets shrinking | auto monoline |
| 2020-03 | 11 | expense trap, members leaving, auto monoline |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2015-11-06 [Elton Smith Obituary (2015) - Natchitoches, LA - Shreveport Times - legacy.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxNT0RBS2ZtN0diUjh0R0VtUElRLVZKaUpqTnNEeHZWOVV5amlXNVRMeGsyZlBSUDdVMG82WkFmemZ3LTFWdHlzbERBSW9VWjBJX1BIRmZnOUlRMW9jWlgxb3ZQS3RBcEZvOTVoWjVZQk43MmRORXZGM2h0eHNBWWU1dFdBckRtSGNYZGdQNngwZndVWTB5?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=11928 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/24.json (key "11928", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=11928
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide